Continued 3.8u turnaround plan
Today, 8u starts, and one day, it will create greater glory.

Regarding the 3.85u turnaround plan, when I woke up, the contract was gone.

3.8u's first day of success

$BTC $ETH $BNB The U.S. House of Representatives has passed the 21st Century Financial Innovation and Technology Act, which has the potential to change the landscape of digital currencies. The bill, which is backed by Republicans, aims to create a new legal framework for digital assets. Despite warnings from the U.S. Securities and Exchange Commission (SEC) about potential financial risks, the bill received bipartisan support in a vote of 279 to 136. Its fate now depends on the Senate. Supporters of the bill believe that it will provide much-needed regulatory clarity and promote the development of the crypto industry. However, SEC Chairman Gary Gensler issued an unusual warning, expressing concerns that the bill could create new regulatory gaps and undermine decades of regulatory precedent. Gensler stressed that these measures could expose investors and capital markets to significant risks. Gensler is particularly concerned about the bill's treatment of investment contracts recorded on blockchains. Under the proposed legislation, these contracts would no longer be classified as securities, depriving investors of the protections provided by securities laws. In addition, the bill would grant issuers of crypto investment contracts the right to self-certify their products as digital commodities that are not regulated by the SEC. Under this provision, the SEC would have only 60 days to challenge such certifications. Despite Gensler's reservations, the bill has received strong support from crypto advocates and industry groups. They have long viewed the SEC under Gensler as an obstacle to the wider adoption of digital assets. However, Gensler has always believed that cryptocurrencies should be subject to the same regulatory standards as traditional assets. The House's approval of the bill comes at a time when the U.S. Securities and Exchange Commission (SEC) has also sent a positive signal in approving a spot ether exchange-traded fund (ETF), which could further boost the crypto industry. However, the divergence of views between the SEC and the bill's supporters highlights the challenges of regulating this rapidly evolving industry. The bill's passage in the House is a major step forward in the ongoing debate over digital currency regulation in the United States. As the focus turns to the Senate, the conclusion remains uncertain, and stakeholders are anxiously monitoring the legislative process and its potential impact on the future of cryptocurrency legislation.#美众议院通过FIT21法案 #BTC走势分析 #5月市场关键事件

Ethereum Name Service (ENS) announced on social platform X late yesterday (28) that it plans to fully upgrade ENS and migrate the ENS protocol from the Ethereum mainnet to the Layer2 network.

Users will benefit from the low fees of Layer2

ENS officials said that the upgrade aims to migrate its core functions from the Ethereum mainnet to the Layer2 network to enhance its scalability and reduce transaction fees. However, ENS has not yet selected which Layer2 network it will eventually migrate to.

In addition, ENS has also proposed a new "tiered registration system" to more efficiently manage .eth domain names, including managing subdomains and configuring resolvers. In this regard, ENS founder Nick Johnson said: ENS v2 will introduce a tiered registration system for .eth domain name management, and domain name holders will have access to a unique domain name registry where they can manage subdomains and configure resolvers.

ENS cooperates with Intercap to integrate .box domain name

It is worth mentioning that on the 23rd of last month, ENS officially announced its cooperation with Intercap to introduce .box domain name into the ENS management application. The official said: This is the first time that the top-level domain (TLD) approved by ICANN has been integrated into the platform, marking a major leap in the integration of traditional network and blockchain technology, connecting Web2 and Web3 in an innovative way.

ENS officials pointed out that the uniqueness of .box domain names is that they run on the chain, which means that .box domain names can not only be used for URLs and emails in the general Internet, but also as a cross-platform personal Web3 identity, which has the following important significance:

Promote adoption: Users accustomed to the traditional Internet will find it easier to adapt to the transition from the familiar traditional DNS TLD to Web3, which can accelerate the adoption of ENS

Extended functions: Integrating DNSTLD will help enhance the functions of ENS, allowing users to enjoy the advantages of decentralized services while using traditional domain names at the same time

Strengthen network effects: The integration of Web2 and Web3 technologies will promote the active participation of developers

Catalyze technology integration: This integration marks an important step in the integration of centralized and decentralized network services, showing that the network model is shifting towards a user-centric approach

Note: In the future, ENS may be expected to integrate .com or more common domain names on the traditional network.

#BTC走势分析 #ETH大涨 $BTC $ETH

$BTC $ETH This year, Bitcoin broke through the high point of the previous bull market in March, once reaching the $73,000 mark, and then entered a two-month consolidation. The market originally expected the Meme season to return, but in addition to Meme coins such as PEPE and WIF repeatedly setting new historical highs, overall, the performance of altcoins in this bull market was not outstanding, making investors wonder whether the "altcoin season" will not come?

Former Bloomberg analyst: Altseason is coming

Against this background, former Bloomberg analyst Jamie Coutts tweeted on the X platform today that he used factors such as the Smart Contract Platforms Index (SCP), the Altseason Index, the US presidential election and the liquidity cycle as a judgment benchmark, and judged that the Altseason signal is expected to appear in the next few weeks.

He described in his tweet that when the market meets two conditions, it will enter the altcoin season, including:

When the SCP index is on an upward trend

When the altcoin season index is on an upward trend (green arrow)

And the current market situation:

The SCP index continues to rise and is expected to exceed the high point in March (condition one is met)

The altcoin season index continues to decline, currently about 26% (condition two is not met)

The SCP index is composed of the top 100 tokens using smart contract platforms by market value. Since the tokens covered by the SCP index are mainly altcoins, the SCP index is often used as a judgment indicator for altcoins. In addition, the altcoin season index summarizes assets that have outperformed BTC in the past 90 days.

With the passage of the Ethereum spot ETF and the change of U.S. presidential candidates' stance on cryptocurrencies, the cryptocurrency market seems to be gradually recovering. Bitcoin has risen from a level of $57,000 at the beginning of this month to a maximum of about $71,000, an increase of 24.6%. .

Bitcoin is currently fluctuating at a high between US$68,000 and US$70,000. It was temporarily trading at US$68,556 at the time of writing, down 0.2% in the past 24 hours. It remains to be seen when it will take a clear direction.

Bitcoin bulls are too optimistic, betting over $70,000

However, judging from options data expiring at the end of this month, many investors have more optimistic expectations for Bitcoin’s rebound this month. According to data from the options trading platform Deribit, nearly 90% of Bitcoin options due to expire on May 31 have exercise prices set at US$70,000 or above. It shows that most investors are betting that Bitcoin will rise significantly before the end of May.

Since the current market price of Bitcoin is about $68,500, the gap between the exercise price of these bullish investors and the market price is still some distance away, which means that unless there is a larger increase, these buy calls will It is likely that it will be invalid after expiration, causing investors to lose their premiums.

Currently, the Bitcoin options data expiring on May 31 on Deribit are as follows:

A total of $4.693 billion expires (a total of $6.5 billion if other exchanges are included), with a call to put ratio of 0.6

Max Pain is $65,000

The "Max Pain" of an option refers to the price at which the buyer's overall loss is the greatest (that is, the seller's overall profit is the greatest) when the option expires. $ETH $BTC $SOL

According to documents filed with the U.S. Securities and Exchange Commission (SEC) on May 28, two funds under asset management giant BlackRock have included their own Bitcoin spot ETFs in their portfolios.

The documents show that the "BlackRock Strategic Income Opportunities Fund (BSIIX)" purchased $3.56 million worth of "iShares Bitcoin Trust (IBIT)" in the first quarter of this year; while the "BlackRock Strategic Global Bond Fund (MAWIX)" bought $485,000 of IBIT.

It is worth noting that the IBIT holdings of both funds only account for a small part of their respective portfolios. BSIIX's portfolio is currently worth $37.4 billion; MAWIX is worth $776.4 million.

According to data updated by BlackRock on May 28, IBIT's asset management scale (AUM) has exceeded $19.58 billion, and is expected to replace Grayscale's GBTC to become the largest Bitcoin spot ETF in the United States, which currently holds $19.75 billion in Bitcoin.

Bloomberg ETF analyst Eric Balchunas pointed out earlier this month that more than 400 institutions have invested in BlackRock's Bitcoin spot ETF so far this year, which is "incredible #贝莱德IBIT比特币持有量反超灰度GBTC $BTC $ETH $SOL

In the violent bull market of 2024, the consensus of the currency circle is that it is easy to catch a tenfold or dozens of times increase. You just need to be bold, hold positions in the bull market, and wait patiently when there is no market. 1. BCR20 leader: ORDI has a 5-10 times increase in the future, hold it in spot. 2. SATS potential stocks, ORDI is bound to Gas, and Audi must have a future. 3. SOL is the hottest public chain this year, a big trend. 4. ETH is Cancun's second-layer OP, ARB still has a good space. Recently, the hot BTC is expected to rise by 80,000-100,000 US dollars. Big investors with funds buy Bitcoin without thinking. For Bitcoin ecology, buy its ecological leader ORDI or SATS. ETH is expected to rise by 8,000-10,000 US dollars. For ETH ecology, buy its ecological leader OP or ARB. The second layer of ENS has been very hot recently, with a small market value and a large space. Don't buy something fancy, just buy BTC, ETH ecology is enough.